iGTB's Virtual Account Management solution, powered by advanced sub-accounting platform, is designed to transform corporate treasury operations - with enablement of straight through reconciliation, a sophisticated payment factory, in-house banking and a robust client money management solution. Through the back office configuration engine, banks can create a virtual infrastructure whereby their corporate customers can create stand alone virtual accounts or virtual account hierarchies, which are linked to the respective physical accounts.

This linkage creates a framework for automated reconciliation of transactions, while still allowing banks the ability to manually handle exceptions as necessary. Within this virtual ecosystem, cash management becomes simple to handle standard POBO and COBO scenarios. LOBO for intercompany lending between divisions/subsidiaries becomes a much simpler process as well through the virtualized corporate hierarchy use case. Through partnership with iGTB's liquidity platform, banks have the added advantage of allowing sweeps and pooling between virtual and physical accounts. And of course, the full suite of in-house banking functionality is available as well, which includes the ability to set limits, manage interest, download statements, and much more.

Also available is the solution's comprehensive self-service, front-office platform, Contextual Banking Experience (CBX). CBX allows the bank's corporate customers (through a series of entitlements) to open/close virtual accounts, transact using these accounts, and manage limits/interest on inter-company positions, thus enabling flexibility and complete control.

Please note that the listing price is subject to change based on each bank's specific needs. Please reach out to our support contacts (listed below) to finalize pricing.